Selling in Academic and Educational Services Sector Impacted Broader Market

On 28th July 2021, the broader Australian market ended in red as significant selling pressure was witnessed on academic and educational services sector. ASX 20 declined by 0.86% to 4,169.90 and ASX 300 fell by 0.69%. Notably, ASX 200 witnessed a fall of 0.70% to 7,379.30.

Data Source: ASX; Table Source: Copyright © 2021 Kalkine Media

Performance of Indices:

ASX Midcap 50 Index and ASX Small Ordinaries Index ended at 9,028.20 and 3,364.90 points, respectively. In the time frame of past one year, ASX Midcap 50 Index rose ~28.11% and ASX Small Ordinaries Index rose ~25.01%.

S&P/ASX 200 vs S&P/ASX Midcap 50 Index vs ASX Small Ordinaries Index – One Year Return

Source: REFINITIV

Gainers and Losers:

Nickel Mines Limited (ASX: NIC) released quarterly activities report for the period ended 30th June 2021. As per the release, the underlying free cash flow from operations amounted to US$57.7 Mn (100% basis), reflecting a rise of 15.4% from US$50.0 Mn in the March quarter.

Spark Infrastructure Group (ASX: SKI) rose by 5.38% to $2.740 per share.

Data Source: ASX; Table Source: Copyright © 2021 Kalkine Media

Movement on Wall Street:

On 27th July 2021, NASDAQ Composite fell 1.21% to 14,660.58. Notably, Dow Jones Industrial Average declined 0.24% to 35,058.52.

Note: The reference data in this article has been partly sourced from REFINITIV

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